(810 ILCS 5/2-603) (from Ch. 26, par. 2-603)
Sec. 2-603.
Merchant buyer's duties as to rightfully rejected goods.
(1) Subject to any security interest in the buyer (subsection (3) of
Section 2-711, when the seller has no agent or place of business at the
market of rejection a merchant buyer is under a duty after rejection of
goods in his possession or control to follow any reasonable instructions
received from the seller with respect to the goods and in the absence of
such instructions to make reasonable efforts to sell them for the seller's
account if they are perishable or threaten to decline in value speedily.
Instructions are not reasonable if on demand indemnity for expenses is not
forthcoming.
(2) When the buyer sells goods under subsection (1), he is entitled to
reimbursement from the seller or out of the proceeds for reasonable
expenses of caring for and selling them, and if the expenses include no
selling commission then to such commission as is usual in the trade or if
there is none to a reasonable sum not exceeding 10% on the gross proceeds.
(3) In complying with this Section the buyer is held only to good faith
and good faith conduct hereunder is neither acceptance nor conversion nor
the basis of an action for damages.
(Source: Laws 1961, p. 2101.)
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